Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. decreased its stake in Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,521 shares of the company’s stock after selling 57 shares during the period. Kovack Advisors Inc.’s holdings in Fidelity MSCI Information Technology Index ETF were worth $281,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CHURCHILL MANAGEMENT Corp raised its position in Fidelity MSCI Information Technology Index ETF by 0.6% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,291,314 shares of the company’s stock valued at $238,738,000 after purchasing an additional 7,974 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in Fidelity MSCI Information Technology Index ETF in the 4th quarter valued at $53,085,000. Kestra Investment Management LLC raised its position in Fidelity MSCI Information Technology Index ETF by 13.9% in the 4th quarter. Kestra Investment Management LLC now owns 192,219 shares of the company’s stock valued at $35,538,000 after purchasing an additional 23,449 shares during the last quarter. FMR LLC raised its position in Fidelity MSCI Information Technology Index ETF by 3.7% in the 3rd quarter. FMR LLC now owns 159,393 shares of the company’s stock valued at $27,814,000 after purchasing an additional 5,739 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Fidelity MSCI Information Technology Index ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 128,648 shares of the company’s stock valued at $22,449,000 after purchasing an additional 6,629 shares during the last quarter.

Fidelity MSCI Information Technology Index ETF Price Performance

FTEC stock opened at $177.93 on Friday. The company has a fifty day moving average price of $186.24 and a 200 day moving average price of $180.37. Fidelity MSCI Information Technology Index ETF has a 12 month low of $142.12 and a 12 month high of $193.06. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 36.37 and a beta of 1.15.

Fidelity MSCI Information Technology Index ETF Company Profile

The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.